How Is The Market Feeling About MACOM Technology Solns?
Portfolio Pulse from Benzinga Insights
MACOM Technology Solutions (NYSE:MTSI) has seen a 14.94% increase in short interest, now at 4.33 million shares or 7.77% of float, indicating a bearish market sentiment. With an 8.74-day average to cover short positions, this rise contrasts with the peer group average of 4.09% short interest. This could suggest a more bearish outlook on MTSI compared to its peers, though increased short interest can sometimes be bullish.
April 22, 2024 | 4:45 pm
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MACOM Technology Solutions has experienced a significant increase in short interest, suggesting a bearish market sentiment towards the stock.
The increase in short interest for MTSI indicates that traders are expecting the stock price to fall, which could lead to increased selling pressure and potentially lower stock prices in the short term. However, high short interest can also lead to a short squeeze if the stock moves positively, causing rapid price increases as short sellers cover their positions.
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